		<div class="wpcnt">
			<div class="wpa">
				<span class="wpa-about">Advertisements</span>
				<div class="u top_amp">
							<amp-ad width="300" height="265"
		 type="pubmine"
		 data-siteid="111265417"
		 data-section="2">
		</amp-ad>
				</div>
			</div>
		</div><p><a href="http://londonglossy.com/wp-content/uploads/2011/02/santander-uk-bank-profits-up-11.jpg"><img class="alignnone size-full" title="High street banking giant Santander has reported an 11 per cent hike in UK annual profits" src="http://londonglossy.com/wp-content/uploads/2011/02/min-santander-uk-bank-profits-up-11.jpg" alt="High street banking giant Santander has reported an 11 per cent hike in UK annual profits"/></a></p>
<p>High street banking giant Santander has reported an 11% hike in UK annual profits, but revealed the pressure of intense competition for mortgages and savings business.</p>
<p>The group, which has snapped up a raft of UK players such as Alliance &#038; Leicester and Abbey in recent years, said net mortgage lending &#8211; new loans less redemptions &#8211; fell 27% in 2010, while savings deposits plunged by more than a third.</p>
<p>It grew pre-tax trading profits in the UK to £2.3 billion, but it warned that banking margins were being hit as it faces increasing costs to attract savings and meet new regulatory requirements.</p>
<p>Despite the challenges, its UK arm helped offset an even tougher market for the wider Spanish group, which saw bad debt charges drag annual profits down by 8.5% to 8.18 billion euros (£6.96 billion).</p>
			<div style="padding-bottom:15px;" class="wordads-tag" data-slot-type="belowpost">
				<div id="atatags-dynamic-belowpost-69e0cef076a1b">
					<script type="text/javascript">
						window.getAdSnippetCallback = function () {
							if ( false === ( window.isWatlV1 ?? false ) ) {
								// Use Aditude scripts.
								window.tudeMappings = window.tudeMappings || [];
								window.tudeMappings.push( {
									divId: 'atatags-dynamic-belowpost-69e0cef076a1b',
									format: 'belowpost',
								} );
							}
						}

						if ( document.readyState === 'loading' ) {
							document.addEventListener( 'DOMContentLoaded', window.getAdSnippetCallback );
						} else {
							window.getAdSnippetCallback();
						}
					</script>
				</div>
			</div>
Discover more from London Glossy Post
Subscribe to get the latest posts sent to your email.
